This topic contains a solution. Click here to go to the answer

Author Question: An example of an activity that is likely to generate benefit (positive) externality is A) a well ... (Read 67 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
An example of an activity that is likely to generate benefit (positive) externality is
 
  A) a well manicured lawn of your neighbor.
  B) growing wild flowers on city street islands.
  C) fireworks on the 4th of July.
  D) an educated workforce.
  E) All of the above

Question 2

Explain why risk can be insured against but uncertainty cannot.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

E

Answer to Question 2

The provider of insurance policies can assign probabilities to the occurrences of insurable events and calculate premium rates to charge. With uncertainty, no probabilities can be attached to such events and it isn't possible to construct the appropriate premium rates.




panfilo

  • Member
  • Posts: 572
Reply 2 on: Jul 1, 2018
Excellent


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

For a complete list of videos, visit our video library